Solana has once again captured the attention of the financial world after two ETFs by Volatility Shares were listed in DTCC, marking a significant step for crypto investments.
The Significance of Solana ETF for the Financial System
The Solana Futures ETFs listed in the DTCC system offer investors exposure to contracts managed by Volatility Shares. However, these ETFs have not yet received SEC approval.
First Steps Towards Approval
Volatility Shares submitted an application for three Ethereum ETFs to the SEC in December 2024. Coinbase supports these efforts by launching regulated Solana futures.
Potential and Challenges on the Path to Solana ETF Approval
According to research, the chance of Solana ETF approval is around 70%. Some changes in US policy might contribute to more open cryptocurrency investment regulations.
The inclusion of the Solana ETF in the DTCC system is a significant step towards legitimization. However, complete SEC approval and further regulatory developments remain key to its success in the market.
